AGNC Investment Corp. (NASDAQ:AGNC) was the recipient of some unusual options trading on Monday. Traders bought 4,784 call options on the stock. This is an increase of approximately 646% compared to the average daily volume of 641 call options.
A number of institutional investors have recently modified their holdings of the stock. Chicago Partners Investment Group LLC grew its position in AGNC Investment by 227.8% in the third quarter. Chicago Partners Investment Group LLC now owns 5,900 shares of the real estate investment trust’s stock worth $128,000 after acquiring an additional 4,100 shares during the period. Dana Investment Advisors Inc. purchased a new position in AGNC Investment in the third quarter worth approximately $214,000. Neuberger Berman Group LLC grew its position in AGNC Investment by 1.5% in the third quarter. Neuberger Berman Group LLC now owns 875,107 shares of the real estate investment trust’s stock worth $18,972,000 after acquiring an additional 12,846 shares during the period. Piedmont Investment Advisors LLC purchased a new position in AGNC Investment in the third quarter worth approximately $710,000. Finally, California Public Employees Retirement System grew its position in AGNC Investment by 8.1% in the third quarter. California Public Employees Retirement System now owns 1,290,852 shares of the real estate investment trust’s stock worth $27,986,000 after acquiring an additional 97,152 shares during the period. Institutional investors own 65.74% of the company’s stock.
AGNC has been the subject of several recent research reports. Maxim Group reaffirmed a “buy” rating and issued a $21.25 price target on shares of AGNC Investment in a report on Friday, October 27th. Zacks Investment Research raised AGNC Investment from a “hold” rating to a “strong-buy” rating and set a $25.00 price target for the company in a report on Tuesday, October 24th. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $19.00 price target on shares of AGNC Investment in a report on Friday, December 1st. Finally, BidaskClub raised AGNC Investment from a “sell” rating to a “hold” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $20.38.
Shares of AGNC Investment (NASDAQ AGNC) opened at $20.37 on Friday. AGNC Investment has a fifty-two week low of $17.30 and a fifty-two week high of $22.34. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.24 and a quick ratio of 0.24. The company has a market capitalization of $7,927.65, a P/E ratio of 7.98 and a beta of 0.14.
AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.62 EPS for the quarter, beating the consensus estimate of $0.61 by $0.01. The firm had revenue of $178.00 million during the quarter, compared to analysts’ expectations of $177.50 million. AGNC Investment had a return on equity of 12.00% and a net margin of 145.02%. During the same quarter last year, the firm earned $0.67 earnings per share. research analysts forecast that AGNC Investment will post 2.55 EPS for the current year.
The firm also recently disclosed a nov 17 dividend, which was paid on Friday, December 8th. Investors of record on Thursday, November 30th were given a $0.18 dividend. The ex-dividend date was Wednesday, November 29th. This represents a yield of 11%. AGNC Investment’s payout ratio is 53.20%.
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About AGNC Investment
AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs).
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